AUD/USD Price Analysis: Bulls moving in and eye a 38.2% Fibo retracement By ross_burland AUDUSD Technical Analysis
The US dollar could be in for some consolidation and a break of the trendline could result in a significant correction in the coming days. The Bank of Japan was the final nail in the coffin for markets and traders have now started to take profits off the table into the weekend and end of the month. The next catalyst will likely be the Federal Reserve so there could be some calm before the storm and relief for the high beta AUD.
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